SEF - Social Enterprise Director Fundamentals

Course Description

This course covers what it means to be on the board of a social enterprise. Social enterprises are business-social hybrids. Directors of social enterprises face unique challenges such as the duality of “doing good” and “doing well”, and the fact that the legal forms which a social enterprise can take does not sufficiently recognise this duality.

The course is conducted in a social enterprise setting with several case examples. It covers the social enterprise landscape in Singapore; the duties, liabilities and benefits of directorship in social enterprises, and key considerations for joining a social enterprise board.

Course Objectives

Provide an understanding of the social enterprise landscape, what social enterprises are, how they are different from commercial and nonprofit organisations, and the implications on directorship.

Appreciate the macro view of the directorship landscape in Singapore, especially as it relates to social enterprises.

Identify the duties, responsibilities, liabilities and benefits of being a social enterprise director.

Enable participants to make an informed decision before joining a social enterprise board.

Share the next steps of a person’s development as a director.

Course Outline

The social enterprise landscape in Singapore.
a. Definition and types of social enterprises and supporting ecosystems.
c. Features and challenges of social enterprises.

The directorship landscape.
a. Who is a director?
b. Types of directors.
c. Board structure.
d. The regulatory environment in Singapore and application to social enterprises.

Responsibilities, liabilities and rewards.
a. The fiduciary duties of a director.
b. Statutory duties and responsibilities.
c. Liabilities and conflicts of interest.
d. Rewards of being a director.
e. Balancing “doing good” and “doing well”.

Due diligence.
a. Due diligence when offered a directorship.
b. Understanding the social enterprise and its key relationships.

GALLERY

DISCOVER

NEWS & EVENTS

ABOUT US

SID is the national association of company directors and promotes the professional development of directors and corporate leaders. The institute works closely with authorities, regulators and a network of members and professionals, such as accountants and lawyers, to identify ways to uphold and enhance the highest standards of corporate governance and ethical conduct in Singapore.